The Queens Library Foundation Inc

“The foundation's board elects its own members, which are then subject to approval by the library board of directors.”

“Draft of the form 990 was presented to the audit committee for review with the external audit firm.”

“Conflict of interest forms are completed annually and the policy requires disclosure for any arising conflicts.”

“Both an independent compensation study by a third party and an internal compensation analysis are used as the basis to benchmark the president & chief executive officer's compensation. These reports include current market comparability data, surveys and irs form 990 filings of organizations of similar sizes. The board of trustees approves the president & ceo compensation package on a contractual basis. The salaries of other officers and key employees is based on a compensation program using salary grades designed by an independent consultant. The salary ranges are reviewed regularly and updated as needed by the consultant to ensure market competitive salaries for all non-union employees. These ranges are approved by the board of trustees.”

“The foundation's form 990 is available upon it's website, as well as guidestar's website. Financial statements and by-laws are available on the foundation's website and are available upon request. Conflict of interest policy is available upon request.”

“The queens library foundation has not adopted its own document retention and destruction policy, but voluntarily complies with the queens library's policy.”

“Hours per week - related organization: the average hours per week that thomas w. Galante worked as president & ceo of the library during the relevant period of time is a matter in dispute and the subject of pending litigation between the library and mr. Galante. In order to e-file its form 990, the library has inserted "1" in this column based solely on the inability to insert "0" so as to indicate, as stated above, that the appropriate number is a matter in dispute and the subject of pending litigation.”

“Form 990 has been amended to correct information on page 7 regarding officer/director #13. Page 7, part vii, column b has been changed from 40 hours to 1 hour per week for the related organization, and a footnote on schedule 0 has been added to provide an explanation. This change was made to maintain consistancy with the information reported on the foundation's form 990, and on the queens borough public library's form 990, the related organization.”

“No changes in the audit oversight or selection process have taken place for the fiscal year ending june 30, 2015.”